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Manhattan Loft Guy

adding wall for 3rd bedroom did NOT increase value of 49 East 21 Street loft by 36%

Sep. 19, 2013
This is the kind of thing that drives Efficient Market fans to distraction and buyers to drink (or worse): the “1,461 sq ft” Manhattan loft #10C at 49 East 21 Street just sold at a funny number that indicates a bidding war ($2,510,049) well above the

quick flip of 52 Thomas Street loft is breathtakingly irrational

Aug. 29, 2013
Sometimes things make so little sense that all one can do is note the facts and move on. I really wish I had something sensible to say about the recent sales history of the “1,967 sq ft” Manhattan loft #4D at 52 Thomas Street, but …. [crickets]. I c

did 48 Bond Street loft developer leave money on the table in 2008?

Aug. 27, 2013
Categorized in: loft neighborhoods / NoHo
Let’s stick on one of the shortest and most dynamic downtown Manhattan loft streets, and complement the unusually low sale of a 1980s residential loft coop conversion I hit yesterday at 20 Bond Street (August 26, with too many walls, 20 Bond Street lof

a(nother) tale of two lofts, as 121 West 17 Street twin sells right in line

May. 17, 2013
If the “1,135 sq ft” Manhattan loft #6D at 121 West 17 Street that just sold at $1,300,777 looks familiar that’s because you are thinking of its twin one flight down, which I hit in my March 8, buy low, sell high: simple advice well executed at 121

400 shoes that used to live in 12 East 12 Street loft need a new home, carry big profit

Apr. 22, 2013
If you are a fan of well designed small lofts and a reader of Manhattan Loft Guy, you will remember the post I did about the tiny (“840 sq ft”) renovated loft with lots of shoes at 12 East 12 Street (November 7, 2010, another loft in New York Times, a

penthouse loft at 363 Greenwich finally sells, only 29% above 2004

Apr. 11, 2013
One of the nice things about being with one of the largest residential real estate brokerages in Manhattan is that our listing system has some very rich past sales data about Manhattan lofts. Take, for example, the duplexed “3,006 sq ft” Manhattan lof

25 Murray Street loft slow walks through market, takes 7 months to deal at small discount

Apr. 6, 2013
The “1,850 sq ft” Manhattan loft #6E at 25 Murray Street (Tribeca Space) recently sold for $2.145mm, at a tiny discount to last ask, less than a 5% discount to the prior ask, and less than a 7% discount to the first two offering prices. Not knowing mo

small 250 Mercer Street loft sale suggests seller got great deal in 2011

Mar. 12, 2013
I am 98% certain that if you look at the 2012 listing photos for the “850 sq ft” Manhattan loft #A301 at 250 Mercer Street you will find that this mini-loft just sold in the same condition, with the same finishes and “elegant mint condition” as in

our long national nightmare is over, as 57 Bond Street loft sells with strangest history you will see today

Mar. 5, 2013
Categorized in: loft neighborhoods / NoHo
This post may only be for the fanatic spectators of the Manhattan residential real estate game who collect odd price histories. I am going to ruin the suspense by telling you that the “2,110 sq ft” Manhattan loft (with “1,045 sq ft” private terrac

when life threw 2012 loft buyers at 49 East 21 Street a curve, The Market almost bailed them out

Feb. 5, 2013
I can’t pretend to explain the 5% gain from April 2012 to January 2013 or to know why the April buyer became a January seller, but in the spirit of Sergeant Joe Friday, here are the facts about the “1,308 sq ft” Manhattan loft #3B at 49 East 21 Stre

funny prices of 101 Warren Street resale are not so ha-ha

Jan. 29, 2013
After yesterday’s post about a too deep price discount being corrected by The Market, bless her heart (January 28, if robust, The Market will fix a too-low price (at least, it did, at 124 West 24 Street)), I just can’t resist the temptation to tweak a

if robust, The Market will fix a too-low price (at least, it did, at 124 West 24 Street)

Jan. 28, 2013
The seller of the “1,097 sq ft” Manhattan loft #5A at 124 West 24 Street was motivated, and successful. He brought the 2007 era newly converted loft to market on August 23, found a buyer who signed a contract by October 6, and closed on December 31. A

what changed in 2012 to get 8 Warren Street loft sold in September but not January?

Jan. 15, 2013
I am not saying there is a rational explanation for this, just that these are facts about the “2,010 sq ft” Manhattan loft #5E at 8 Warren Street (Trinity Stewart Condominium): it did not sell when offered at $2.8mm from January 3, 2012 to April 9, bu

failure to flip: over-pricing in 2008 leads to loss in 2012 over 2007 for 15 West 20 Street loft

Dec. 21, 2012
I wrote the headline above based just on the rather extensive sales history of the “2,259 sq ft” Manhattan loft #8A at 15 West 20 Street (Altair 20) (details below), before discovering that I covered the key old history back in the day. In my February

the stuff you can't see earned 7th floor loft at 15 West 20 Street a 13% premium over 8th floor

Dec. 17, 2012
Did the hyper local Manhattan loft market in one Flatiron 2005 era new development improve by 13% in … (wait for it) … 6 days? Sounds ridiculous, right? Well, the “2,259 sq ft” Manhattan loft #8A at 15 West 20 Street (Altair 20) sold on November 1

particularly deep trough discovered, as 335 Greenwich Street loft sells 31% over 2009

Nov. 26, 2012
I can’t explain why, but I take particular pleasure in noting Manhattan loft sales that hit a particular narrative. In this case, the narrative for the recent sale of the “1,600 sq ft” Manhattan loft #5A at 335 Greenwich Street (aka 20 Jay Street, H

233 West 26 Street loft closes up 13% over 2008 (!) but down 6% since 2006 (!!)

Nov. 19, 2012
The last three times the “1,450 sq ft” duplex Manhattan loft #1E at 233 West 26 Street sold, the clearing prices from bottom to top were $1.33mm, $1.25mm, and $1.11mm. The dates from old to new were January 18, 2006, March 13, 2008, and October 24, 20

height makes a small difference as Altair 20 lofts sell at 15 West 20 Street

Sep. 27, 2012
The 2007 new development to residential living known as Altair 20 at 15 West 20 Street (a sibling to Altair 18 at 32 West 18 Street) faces a taller building across 20th Street, so you would not expect much light (and no ‘view’) from lower floors in th

166 Bank Street loft with 30 year-old river views got for $1,188/ft in far West Village

Sep. 14, 2012
Continuing a sequence of view posts, today’s edition features a loft in pretty primitive condition (like yesterday’s) with major bragging about views (like yesterday’s). Unlike yesterday’s September 13, quintessential artist loft sells for $1,525/

'architecturally designed' loft with no view, little light at 114 West 27 Street sells at $799/ft

Aug. 8, 2012
There are over 300 loft resales in 2012 on my Master List of Manhattan Lofts Sold Since November 2008, the vast majority of which have $/ft calculations, and only 19 of those lofts sold under $800/ft. (I am still not quite updated for June; still.) While

Manhattan Loft Guy

New York, New York

Sandy Mattingly is Manhattan Loft Guy; now with The Corcoran Group (http://corcoran.com/ ; but see the disclaimer at the bottom of the page), he can be reached most easily at Sandy@ManhattanLoftGuy.com or 917.902.2491, and followed on Twitter @ManhattnLoftGuy (note "mis-spelling"). After 7+ years, the blog has moved. Links here on RealTown will work for the foreseeable future, but new posts (and all the old content) has migrated to ManhattanLoftGuy.com.

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